Shivganga Drillers Limited
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Shivganga Drillers Limited's is preparing to launch its Initial Public Offering (IPO) with a substantial issue size of TBD. The offering comprises a fresh issue component of TBD.
The price band for the IPO has been set at TBD, providing investors with a range to place their bids. The minimum investment lot consists of TBD, making it accessible to both retail and institutional investors.
The subscription window for this public offering opens on TBD and will conclude on TBD. Following the subscription period, the share allotment is scheduled for TBD, with the official listing expected to commence on TBD on the NSE, BSE exchange.
Founded in August 2005, Shivganga Drillers Limited provides a wide range of services in the oil and gas sector, including rig deployment, operations and maintenance, workover services, and support during different drilling stages. The company works on both long-term and project-based contracts, where it supplies rigs, equipment, and skilled teams to carry out drilling projects safely and efficiently. It focuses on timely execution, cost control, and strict safety standards, while also offering turnkey and performance-based drilling solutions that help clients improve efficiency and reduce costs. In addition, the company provides equipment on hire and rental for oil and gas exploration. Its services include onshore drilling, offshore operations and maintenance, and equipment rental. Shivganga Drillers holds ISO 9001, ISO 14001, and ISO 45001 certifications and is a member of the International Association of Drilling Contractors. As of October 2025, the company had 432 employees across various departments.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
The expected premium (GMP) is based on market buzz and unofficial trading. It should not be considered as the guaranteed listing price. Always refer to the RHP and seek advice from a financial expert before making investment decisions.
💡 Read our detailed guide: What is IPO Grey Market Premium (GMP) & How It Works?
- Diversified Oil & Gas Services Portfolio : Offers onshore drilling, offshore O&M, and equipment rental, reducing reliance on a single service.
- Strong Execution & Equipment Base : Robust project execution capabilities supported by advanced rigs and infrastructure.
- Established Client Relationships : Long-term ties with upstream players ensure repeat business and strong order visibility.
- Dependence on Oil & Gas Industry : Business performance linked to exploration activity and crude price cycles.
- Capital Intensive Operations : Requires continuous investment in rigs, equipment, and maintenance.
- Operational & Safety Risks : Drilling operations involve high-risk environments and strict compliance requirements.
- Bhanwar Lal Rathi
- Manoj Bahety
- Mukul Bahety
- Anuj Rathi
- Shreyas Bahety
- Sunita Bahety
- Priyanka Rathi
Shivganga Drillers Limited